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in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today, president obama meets with small business leaders to make his case for the possibility of higher taxes ahead. our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the extension of the bush tax cuts
. >> south american shoplifting teams feed a black market for stolen goods that flourished in most big cities. this discount outlet in queens contained more than a million dollars worth of brand-new, brand-name clothes selling for half off retail price. >> it's known to certain communities where, if you live in that community, you know where you can go and you can get a discount, a 50% discount on clothing. >> five finger discount, we used to call it. >> yes. >> still call it that. >> yes. >> some of the loot turns up in other countries, and even online, where stolen merchandise occasionally finds its way onto ebay. for the south american gangs, guginsky says boosting is a highly lucrative, low-risk criminal enterprise. when you arrest somebody, are they cooperative? >> for the most part, no. they're trained, and they know exactly what to say, what not to say. you won't even get a name out of them. >> but he does get a picture. these books contain mug shots and surveillance photos of 2,500 south american gang members known to be operating in the united states. all of them have been arrested a
. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. [ticking] >> in october 2008, with
students. let's solve this. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> okay. 4 days from the fiscal cliff. we wanted to find out whether citizens and business owners are happy with the way their elected representatives are handling this looming threat. >> chief washington correspondent john harwood kicks off our "rise above" road trip with a trip to john boehner's home state of ohio. what are his constituents saying about the situation? >> they're worried about it, michelle. the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house offi
to the three best cities for the stock market over the past year. today we are in the third place city for the market. stocks here averaged a return of 20%. i'm not going to give too much away but i will say this -- the stands behind me, they sometimes cheer for a guy that went to virginia tech. find out who it is. the companies. a bunch of awesome guests. mandy and i are coming up on "street signs," kicking off the recovery road trip, three cities, three days. it is going to be delicious. at least it already has been for me today and you'll see why. coming up. >> thanks, brian sullivan. we'll tune in at the top of the hour. >>> more now on the big story of the day. the holiday shopping season and what it means for retailers and shoppers with tablets stealing the show. so far this holiday season, consumers have a lot of options. jon fortt is in san jose looking at the models, the niche they're going for and some of the pros and cons of tablets. jon? >> reporter: tyler, lots to cover. lots of tablets, so many i can't get through them all. but let's look at some of the big ones. first, i
if they can do it. at the jersey city location, there's a key yociosk inside to the confirmation e-mail. promise achieved -- 1:44 seconds later. next walmart in new jersey. no time promises here. our producer presents the receipt and gets the console in 2:05 seconds. now best buy. no guarantees on wait time here either but after the receipt is taken, we have console in hand in just 1:58 seconds. >> have a great day. enjoy. >> sears wins again. of course there is a human element involved in this. we did this before black friday so this could shift a bit depending on region or even store location but so far retailers are delivering on their promises. >> pretty nice, courtney. sears, the big winner there. >>> the quick turnaround at those stores may be the only thing that's moving quickly on this wednesday, this getaway weekend. planes, trains, automobiles, no matter how you want to get there this thanksgiving, phil lebeau has it covered and he joins us from o'hare. phil? >> reporter: you know, tyler, this may be the smoothest start to any thanksgiving travel weekend that i can remem
's brand of hospitality, the group runs three restaurants in new york and three in las vegas, a city that is home to the most profitable restaurants in america. >> we get to meet doctors, bankers, politicians, everyone in every walk of life and most of the time in a good mood. >> if they are losing at the black jack tables maybe that is when they are not in a good mood. >> that happens after everyone eats. >> who's most like their dad? >> this guy. >> why do you feel that that way? >> no. he's very stubborn. >> what do you think you learned from the business from your dad most. >> sincerity and dedication, and taking care of people who take care of us. >> sirio, you have served some of the most well-known, most famous worlds in the world. what does that identity mean for you now with this new restaurant? >> the people i have met are great. there are two or three that have been captivated by their style and power. >> i'm impressed everyone went to the family business. no black sheep that wanted to go somewhere else. >> lawyer, doctor and architect. >> and you got three restaurant tour
likely. remember circuit city? it met its demise not that long ago. both circuit city and radio both circuit city and radio shack were mentioned as takeover candidates. how did that go for you? the fundamentals are in decline. a desperate hewlett-packard management purchased the scandal ridden autonomy. [ crying baby ] they have to borrow somebody else's money. so the buyout gets increasingly unlikely. they can't really believe it can be all that bad. but trust me, it can get worse. here is the bottom line, if the fundamentals are declining, don't think they can be turned around by a new person or at all. don't believe that there could be a rescue takeover bid to take you out of your misery. if you don't own best buy or hewlett-packard or any of their ilk take a pass. if you do, take advantage of any mess and exit. gordon in maryland. >> booyah jim, how about them ravens? >> they look good. ray lewis is a fan of the show, so get better fast. >> jim, i want your opinion on b&g foods. since they buy companies that are well-known but in financial trouble, do you think hostess might be o
. they have been in waves all day. it has been very business here at police called fuel city, iconic here in dallas, great tacos here, you can buy gas obviously by the name but the big ticket has been the big ticket for the powerball. right now tickets selling at about $130,000 tickets per minute nationwide. over 1 billion have been sold. the states get $1 out of every two tickets sold and most use for programs for education the federal government will tax the winnings at about a quarter. so they'll make a lot of money out of this. unfortunately in the interest of full disclosure, larry, i think think the winning tickets have about been bought here in dallas. right now i hate to tell you, i think i've got them. >> fess up, jay, how many did you buy? full disclosure? transparency. >> only five. but i may be here a little longer. >> if you win, you're not going to retire, are you? >> i'd never retire. a lot of people say this already, i'd probably be pretty tough to work with if i do win. >> now, let's break down the numbers on this powerball jackpot. they're still selling tickets at bliste
. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. >>> welcome back. an extended thanksgiving break as washington is turning heads on wall street. just listen to mario this morning. >> if you have these guys in new york, mayor bloomberg, mayor booker, the governors, cuomo, christie, malloy, if they went on holiday while we had sandy, what would you do? we have an economic crisis. they're going home for thapnk giving. they're going to take a short break in december. yeah, we have to have a patch, but
... >> in this city council meeting, a consultant hired by the company that built the golf course assured the mayor that coal ash was safe for re-use. >> it, in every aspect, is-- it's the same as dirt, as it's been explained to me. i'm not aware of any negative aspects of it at all. >> the mayor then turned to a dominion executive. >> is there any environmental concerns we should be aware of? >> no, sir. we at dominion power are fully in compliance with all the federal and state regulations. >> two years later, this internal company study about handling the ash for the golf course recommended that workers use "impervious gloves" and "particulate-filtering respirators" due to potential health risks. robyn pierce and her neighbor stacy moorman live across the street from the golf course. >> it was said that they were told they should wear respirators and body suits. nobody came up and down either one of these two streets and handed out wardrobe for us. our children were out there, playing in the yard, breathing the stuff. how does that happen?lso, dominl risk assessment warned of the dangers of coal
at queens center mall here in new york city. we also have liz dunn of mcquarry capital on the west coast in san francisco. great to have you all with us. laura, why don't i get to you first of all. what are you seeing out there on the floor of the malls? >> so traffic's slowing a little bit which is normal for the afternoon. i think that most of the traffic -- most of the big buys were for electronics and toys. those happened last night. they may be happening online more and more. but the mall's bit slow, we think, relative to a year ago. >> do you think people came in earlier with all of these earlier openings that we've been hearing about? do you feel maybe that's just drifted off a little bit as everyone's now done their shopping and gone loam to bed? >> i'm pretty sure that that is what has happened here. you don't normally see -- this is an urban mall in queens. i would not judge the rest of the country by this particular mall. most of the estimates were about 2.5% growth on top of 4% last year. that looks reasonable to us and it is pretty consistent with what we're hearing in other
-800-345-2550 call 1-800-433-9947. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> the debate on how to fix the fiscal cliff has been almost completely focused on tax hikes. but if you're only raising taxes on the upper income, you can't even make a dent in the deficit without cutting spending at the same time. eamon javers looks at the possible cuts. >> hey, bill. i was going to tell you how they could cut spending on capitol hill, but we've had news. i'll spare you that and get to the news. markets over the past little while here this afternoon have been reacted to comments from harry reid and mitch mcconnell. let me play you a sound bite of what markets reacted to and explain on the other side w
, managing director and head of global commodities reaernr research at citi. we met many life times ago. tell us we're about $88 now on oil. >> on wti, which has nothing to do with the real world. >> $110 on brent. >> we think brent will go down 10%, maybe a little more. we have a $90 level for brent, $90 to $100 level. >> why is that? >> we've just gone through almost two year period of really significant amount of disruption, like the embargo against iranian crude. but a lot of it is about a beca had high prices for ten years and the fruits of new investments are coming in and just a lot of oil coming into the market. particularly from north america, but other places, as well. >> what about china? the idea was that china was sort of hoarding oil. are they still doing that? >> they're hoarding in two ve senses before some senses. some is for the strategic stockpile. they'll do another 400 million between now and 2020. >> so how does that compare with -- >> we have 700 million. we don't need it any longer because we're producing so much more oil every year. >> domestically. i saw a chart the
on the deals. whoever has the best deal, i'll buy from them. that's why i'm here tonight. >> citi says there's a long road ahead. you don't buy a separate gps device and camera anymore, you get it all on one device. like she said, all door busters are gone so are the long, long lines. they will probably get a second wave around 9:00 a.m. or after the sun comes up at least. that's been my experience. back to you. >> is there a second round of door busters or specials to lure more people in later on in the day? >> no. there are continuing door busters online that they may still have in stock. like the $180 40-inch televisions, those are gone. some at midnight went to kohl's at midnight and did shopping there and came back here at 5:30. doesn't that sound fun? >> wow. dedicated shopping out there. good to see you. good luck out there. >>> who will be the winners and losers on black friday. let's bring in jennifer davis, retail analyst, for her take on this. jennifer, i would imagine it's too early to tell. so far what are you finding in terms of jane was reporting on door busters gone very earl
those and see why citi needs three analysts to initiate coverage of apple. we'll begin with retail sales picture from this past weekend. 139 million consumers shopped during black friday weekend. that's up from 132 million last year. total spending up to 59.1 billion to 54.4 a year ago. average holiday shopper spending $434 over the weekend. sales on black friday fell 1.8% from the same day a year ago setting the stage for today known as cyber-monday. american shoppers will spend 1.5 billion online today up from 1.25 billion a year ago. the papers have it. "usa today" retailers hail. journal early sales pay off for now. success? >> yes. unmitigated. i think that people don't understand. this country is a rich country. it always surprises us in spending. i was listening to someone on our network last week saying didn't we have -- we had growth in the country. we have growth every year. that's not true. we've not had tremendous household formation in this country. these numbers at the beginning of more household formation which has been in a cyclical and now turns out not secular decline b
chairman of s.e.c. she's worked at bank of america and citi and other places on wall street as well. that's one name to keep an eye on, bill. back to you. >> very interesting. eamon, thanks very much. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ceo in a cnbc exclusive about his company's share of this huge holiday booty coming up. >>> plus, flu shot or your job? 150 employees getting canned the day before thanksgiving for refusing to get flu shots. is that legal? stay with us. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ th
today. citi just initi initiated cover apple. >> just now? >> they didn't have coverage before? >> maybe the previous analyst -- >> they had a new analyst. yes, he likes it. anyway, s&p is down almost five points, off its lows at 1404. fears of the fiscal cliff taking center stage once again, driving stocks lower after last week's 3% surge. that big gain friday, 172 points. we lost a third of that right now. how can you protect your for portfolio? we have chief washington correspondent john harwood, bill from coors state capital advisers who has a review of the new "lincoln" movie, lee munson and senior economics reporter steve liesman, plus mary thompson. we're going to be here for a while. john, let's start with you. any signs of progress on the hill? >> reporter: nothing tangible. we saw it at the initial meeting between the president and congressional leaders. we saw it over the weekend when some republicans again repeated their openness to being willing to raise taxes, which is something that is violated republican orthodoxy. here is jay carney just a few minutes ago in reaction to
, walmart, ethan allen. in a note, citi says it's expecting more firms to pay a special dividend before year end. among the possible they named, best buy and walgreens. >> all right, mary. thanks so much. speaking of dividends, if these tacks go up because of any possible tax changes next year, warren buffett may not be the only one getting hurt. >> cnbc.com's senior writer jeff cox says ordinary americans would be impacted as well. jeff, what's at stake here? how can higher dividend rates hurd ordinary investors? >> how about if you own a blue chip stock? how about if you have a 401 k? in any of these cases, you could face direct or indirect hits from potential, as mary just pointed out, dividend tax rates. as i point out here, dividends aren't just for rich people. it's not just mitt romney and warren buffett. the damage is spread around. the downside risk to this is very steep, hearing a lot of talk about folks wanting to do some other things. diversification getting out of these dividend paying stocks and into things like corporate bonds and munis. forget about the fiscal cliff for now.
-minute promise. let's see if they can do it. at the jersey city location, there's a kiosk inside to scan the confirmation e-mail. promise achieved. one minute and 44 seconds later. next, walmart in new jersey, no time promises here. our producer presents the receipt and gets the console in two minutes and five seconds. now best buy. no guarantees on wait time here either, but after the receipt is taken, we have console in hand in just one minute and 58 seconds. >> have a great day, enjoy. >> sears wins begin. we did this before black friday, of course, and there is a human element involved, so the results could vary as the season picks up and volume increases, but so far, the programs do work, and the sears that we stopped at didn't have the car delivery. we had to go inside for the kiosk. but it was still the clear winner. >> that's courtney with her view of the special deals that may be offered. craig, final word from you on this. how is this holiday season going to shape up, and how are consumers going to fare over the next few months? >> well, this holiday season i think is going to
the ability to service secondary cities.trainer we don't have the ability to service secondary cities.strain or we don't have the ability to service secondary cities. how can where can we achieve gr scale. and the board of directors are being very strong with us that we must meet key criteria. i don't intend to manage other airlines. >> access then is the key word here and it's also a way of circumventing some of the difficulties they've been facing and acquiring additional landing rates. but there's something broader at stake here and that is the fact that the whole industry. >> that traditional flows are changing. the goal of hubs as a transfer point, a range of activities, the consumer is saying the hubs are working better than the traditional asian or european hubs. at the end of the day, the consumer will determine who is successful, so we have to get the right product, the right aircraft, the right positioning. and quite frankly that's what i believe they have been doing. >> in terms of scale, still quite a long shot from emirates airlines. of course you can watch the whole inte
some sort of tofu. >> one thing you can't do in the city, which i wish we could do -- >> deep fried turkey. i would love to do a deep fried turkey. mark bitman is suggesting that you break the turkey in two and do what he calls a flat turkey. >> it's supposed to be really tasty. >> after it's dead. >> yes, after it's dead. >> pita's not going to like that. how could you actually break a turkey? down middle or front back? >> did you see that pita is protesting the president's pardon? >> i didn't understand that. they said don't pardon him. why? all going down with the ship? >> because it's done anyway. i don't know. it was very strange position to take. >> all right. well, do you have any questions? >> i was going to talk about flattening the turkey. >> she knows a lot. >> i want to know if you flatten the turkey, how do you deal with the stuffing? >> i remember what i asked last year. >> i don't remember everything. >> the stuffing inside, do you stuff it in really night. >> that's right. you don't stuff it in tight. but you also don't stuff it the night before either. >> no. that w
, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and h
the shops early next year. and the u.s. postal service plans to test same day package delivery in big cities. the service will initially be offered in san francisco. pricing hasn't been announced and the postal service working out agreements with 8 to 10 large retail chains. and the government will appeal a ruling over unpaid debts stemming from the country's default a decade ago. wednesday a federal judge in new york ordered argentina to pay in full everything it owes to several u.s. investment funds. the judge also barred the country from paying other bond holders until the bill is paid. still to come, u.s. retailers are turning on the lights and throwing open the doors to holiday shoppers even earlier this year. will the promise of big deals lead to big profitses? we'll be back at the mall. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this coo
think the debate is somewhat margin all for the occurrences city. >> do you agree in terms of the marginal impact? >> i do understand where the argument comes from.frankly is of the currency. the problem is two fold. one, we haven't got a counter factual. we sort of have. look at ireland. but without that very dramatic counter factual, it looks like qe is not doing anything. i would argue it's successful at neutralizing the deflationary contraction. but it's hard to read. we have so many other countries doing qe or sending messages about whether they'll stop or accelerate or slow down or might do it that actually looking at currencies that are all relative, it's hard to read this. what we can see is that the dollar was under an stream amount of delusionary pressure during the qe experience with the exceptions where it spiked up during actual panic. the really interesting thing about the euro is the hur row hasn't fallen that much given the fact it's dominated the bad news. and that i would say is because they haven't done the dilution of qe yet. so it's held its own against
the state income taxes to 13.3%, the highest in the nation, and the president of the l.a. city council is going back to the voters and asking for another increase in sales tax. it's never enough. the left never gets enough taxes. we spend more on k-12 than any other country and ask any teacher, educrat if they want more money and they will say less. it's never enough for the left. >> well, you know, larry, i don't know which larry i'm talking about, the fiscal deliver, the whole discussion about the fiscal cliff to me is a farce and the reason why is because it's based on this notion that somehow too much deficit reduction is a bad thing. you can't have it both ways. you can't say you want to reduce the deficit and that's a priority and on the other hand we have a fiscal cliff that would reduce the deficit and you're opposed to that because you -- you don't want to increase taxes. >> i want to reduce the deficit. you're absolutely wrong. i want to reduce the deficit j why are you afraid the fiscal cliff? >> because larry elder i believe that cutting spending will help grow the economy.
are in the number one city for the stock market over the past year. all ten stocks at our cnbc index were higher year over year. we have got a great guest lineup. we've got the mayor, some ceos, we've got a billionaire who owns a local football team. i can't give it away because you'd know where i am. we have the beluga, it is going to be a whale of a show. whale of a show. >> indeed, a whale of a show. have fun! we'll see you at 2:00 p.m. >>> ceos are meetsing with congressional leaders to discuss fixing our fiscal mess. they are expected to hold a news conference just moments from now as you look at that podium. we're looking at the power players in washington and asking their constituents whether or not they are rising above to help solve this fiscal cliff issue. jane wells is in los angeles focusing on house minority leader nancy pelosi's home state of california. >> reporter: hi, sue. nancy pelosi is a crucial part of the discussion to avoid the fiscal cliff, representing one of the most liberal and successful cities in america. what do folks back home in san francisco expect her to do to a
have no power, and more than two million are without water. in the coastal city of sendai, a city of a million people-- about the size of detroit-- we saw nearly 3,000 residents patiently waiting for a grocery store to open for the first time in days. there are shortages of food, and lines for gasoline stretch half a mile. add to all of this what you might call nuclear refugees. thousands are in shelters because their homes are too close to the fukushima reactors. not only are their homes in danger of being irradiated but every possession they own. yoshihiko igarashi's house is three miles from the plant. his daughter was born there. she turned 20 last week in the shelter. like everyone, they've laid out a few square feet on the floor with no idea how long they'll be here. 1,600 people are in this shelter alone. it's just 20 miles from where the reactor fires are burning. if you believe u.s. experts, that's much too close. >> [speaking japanese] >> igarashi told us he feels that way too. the japanese are, for the moment, balancing between the disaster that has happened and the dis
powerful. maybe it's a tail of who cities and maybe both sties are play. >> you capitalize on it or you just eventual li fade away. stick with kraemer. >> follow spaz@jim kraemer --. next on cnbc, "the kudlow report." >>> first
is ventilated with natural air flow, powered in part by these solar panels. >> we extract sewage from the city mines. we have a very large recycling plant on site. 90% of the water consumption is recycled. >> the tower also posts the tallest trees in sydney perched atop the terrace. the building faces north and takes advantage of the sun's elliptical movement with that he is blinds tilting and retracting at specific intervals during the day to take the proesh off the internal cooling an heating system. it may be a model for green innovation. australia, kran businesses in general are rapidly moving towards a greener cleaner future. >> you're seeing the development of projects, you're seeing buildings at very important time in this country. >> and it's not just government policies which is prompting change. in fact one expert on the shift to greener technology says there's a growing change in attitudes across the corporate sector. >> there are benefits here to be gained and how do we stretch that further. i think with a we'hat we'll fin businesses starting to ask themselves how do we get busines
fares for some of those cities. airfares for christmas are already trending higher acordsing to orbitz. if we look at the airline stocks, which are doing better as jet fuel cooled off. take a look at busiest airport, o'hare, not surprising, followed by l.a.x., san francisco, laguardia, boston. the traditional destinations, they always get the most business on thanksgiving. that's why, for those who are looking for that last-minute getaway, yes, there are still people looking right now to get away on friday for the weekend, vegas. they got rooms going for $96, guys, because not many people associate thanksgiving and vegas together, therefore package deals are going very, very low this year. back to you, melissa. >> turkey and elvis is a good combination. >> we're on our way. >> sounds like phil has his ticket, the way he's talking. >> somebody will be on a parking garage roof by the end of it. phil, thanks so much. always good to see you. >>> let's get more insight on the state of the airline industry. michael boyd is an aviation analyst and president of the boyd group. good to see you.
is unwilling. we went to city hall, the bargaining table. we took this dramatic action today because workers are very concerned about their loved ones that are trying to get healthcare coverage. >> they keep saying they want out of your union and they can get health benefits on their own or, by the way, i suppose go into obama care. which i know you support. >> across the country, workers need a raise -- >> they don't want your help. ms. henry, you know what you are doing to middle class people? just making their thanksgiving rotten. >> larry, you are repeating an inaccurate statement from the employer. over 50% of these workers support their union. they want good jobs with wages that they can feed their families on. we want to restore middle class jobs at lax. >> then why don't you do it in an orderly way? >> we've been trying for over a year to do that. >> instead of disrupting a big airport like lax on thanksgiving. there are ways to -- >> we tried -- >> even though they disagree with you, they say they don't want your support. >> we have been doing that for a year, larry, and the executi
? >> caller: hey, jim, big glass city boo-yah to ya. >> love it. what's up? >> caller: i have a question. i've been looking at a couple of utility stocks, and looking at either going with preferred instead of the common shares. i just wanted to get your opinion on maybe what might be better -- >> nah, come on, we want upside. we want upside. we don't want to cap our upside. you know what? let's just own them outright. we'll do just fine. of course i want you in this market for the long run. the whole idea of trading back, you can't beat the high frequency traders. give me a break. i want long-term investing. but that does not mean buy and forget. even when you intend to hold on to a stock, promise me for the long haul, do not throw out the rules. keep doing the homework. be sure that you're in the right merchandise, and stay with cramer. >>> it's a brutal full contact sport. >> from the time the whistle blows -- >> traders bracing for what could turn out to be a wild session. >> to the last play of the game. >> markets absolutely getting hammered today. >> i know it's not easy, but i promis
of the not doing so great kansas city chiefs this year. >> chiefs, i got it tell you something, hail to the chiefs and the eagles. >> caller: there you go, man. hey, kcg had a little pop in the market today. and i know we're a negative .41 p/e ratio and well below the 52-week high. i'm about to the break even point. maybe this is a long term keeper. is it time to get out? >> it's a lottery ticket. my friend, tommy joyce, a terrific guy, it's not about friends, it's about money. tommy is my friend from college. it's a lottery ticket i would hold on to. by the way, i'm thinking about playing powerball, too. you see the size of powerball? i mean, how could you not? i mean, like, hey, you know what, i don't believe in the lottery. at that price, call me a believer. how about jeff from florida? jeff? >> caller: hey, jim. i saw facebook was up today, but knowing that the new ad blocker app has been released for android devices, how is that going to affect the company? >> it's going to be okay. facebook has the sponsored story thing. really good piece by sanford bernstein today about facebook. that guy h
falling around the city. not the kind that caused too much problems. that's the good news. the big winter was west milford, new jersey. you saw two to six inches of snow. not too much to write home about, but it's still early in the season. a little bit of sunshine poking out. a few light rain showers and that's about it. today a drier day. chilly out there still. up to 41. 49 here in washington, d.c. pittsburgh up to about 40. and boston staying in the 30s. tonight, of course, big event in rockefeller center. temperatures will be in the 30s. breezy but clear skies. nearly a full moon outside as well. the big storm we're watching is in the west. three storms, you can see them pin wheeling here out to the pacific. the rain is now approaching into san francisco. northern california and oregon are all going to see very, very heavy rainfall, not just today but all the way through the weekend. flood watches are out. sacramento, stockton up toward reading and stretching all the way up into oregon. we could see up to 20 inches of rainfall here, a big broad area of at least a half a foot. back to
of thousands of egyptians have poured into tahrir square and cities all across egypt demanding that president mohamed morsi rescind his decision that granted him sweeping powers. they say it is reminiscent of the mubarak era, sending this country back to dictatorship. for the past five days, police have clashed with protesters, firing tear gas and beating them at times. more importantly, they are demanding that egypt's new constitution is one that reflects the diversity of egypt, not the sole control of the muslim brotherhood. many of the people here are angered by what they say is the attempt by the muslim brotherhood and the president mohamed morsi to take control of the country and ram pole their agenda at the expense of secular forces like those that have gathered behind my. >> neil sheering still with us. investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's a bit of a wake-up call to the post-revolution transition in the egypt's economy is never going to be easy. the imf deal that was announced last week, should be agr
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